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Oxford village, MI

ZIP 48371 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48371

Median Home Value
$352,500
Median Rent
$1,024
Affordability Snapshot
$97,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,264/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48371 in Oxford village, MI, a household would need roughly $97,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,264. That sits below the local median household income ($108,983), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
88.4%+35% vs US avg
x
Vacancy Rate
2.8%-73% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
5.5%-63% vs US avg
x
Built Pre-1939
2.0%-84% vs US avg
x
Built Post-2014
1.1%-83% vs US avg
x
Rent Burden >30%
33.5%-33% vs US avg
x
Mortgage-Free
29.5%-23% vs US avg
x
$352,500
Home Value
$1,024
Rent
1994
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached81.0%
  • 1-unit attached3.1%
  • 2-9 units3.2%
  • 10+ units3.7%
  • Mobile home & other9.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$352,500
Median rent$1,024
Owner-occupied88.4%
Vacant2.8%
Price-to-income3.2x
Est. income to buy$97,000